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Economic Data

Welcome to the ‘Economic Data’ section of Insight DIY, which includes a summary of all of the key UK economic indicators that you may need to know within your business. Each of these key indicators are updated as and when they are released by their various sources and provide a really valuable addition to any monthly report or business overview.

UK Construction Purchasing Managers' Index (Markit and CIPS)

Markit logo

Index: 52.5 – February 2017
Previous month: 52.2 – January 2017

Publication date: 2nd March 2017
Next publication date: 4th April 2017

Source: Markit Economics

Nationwide House Price Index

House Prices

Monthly Index: 416.6
Previous Monthly Index: 414.0
Monthly Change: 0.6%
Previous Monthly Change: 0.2%
Annual Change: 4.5%
Previous Annual Change: 4.3%
Average UK House Price: £205,846
Previous Month Average House Price: £205,240

Period: February 2017

Release Date: 1st March 2017
Next Release Date: 31st March 2017

Bank of England - Mortgage Approvals: Lending Statistics for Loans Secured on Dwellings

Bank of England building

Loan approvals for house purchase: 69,928
Previous six-month average:
65,066
Value: £11.4bn
Previous month: £12.8bn

Loan approvals for remortgaging: 47,155
Previous six-month average:
43,956
Value: £8.1bn
Previous month: £7.6bn

Loan approvals for other purposes:
13,535
Previous six-month average:
13,033
Value: £0.6bn
Previous month: £0.7bn

 

Period Covered: January 2017

Publication Date: 1st March 2017
Next Publication: 29th March 2017

Source: Bank of England

Loan approvals for house purchase: 69,928
Previous six-month average:
65,066
Value: £11.4bn
Previous month: £12.8bn

Loan approvals for remortgaging: 47,155
Previous six-month average:
43,956
Value: £8.1bn
Previous month: £7.6bn

Loan approvals for other purposes:
13,535
Previous six-month average:
13,033
Value: £0.6bn
Previous month: £0.7bn

Period Covered: January 2017

Publication Date: 1st March 2017
Next Publication: 29th March 2017

GfK Consumer Confidence Barometer

Consumer Confidence Index

Monthly Index: -6
Previous Month's Index: -5
Monthly Index Previous Year: 0
Period: February 2017

Release Date: 28th February 2017
Next Release Date: 30th March 2017

Source: GfK

Gross Domestic Product (GDP)

Gross Domestic Product

GDP volume: +0.7% - Quarter 4 (October to December) 2016 – revised upwards by 0.1% from the preliminary estimate of GDP - compared with growth of 0.6% in Quarter 3 (July to September) 2016

Period: Q4 2016 – Secondary

Release Date: 22nd February 2017
Next Release Date: 31st March 2017

Source: Office for National Statistics

Source: Office for National Statistics

Retail Sales

Retail Sales

Month on Month Value Change: -1.3%
Month on Month Volume Change: -1.9%

Year on Year Value Change: +5.4%
Year on Year Volume Change: +4.3%

Period: December 2016

Released: 17th February 2017
Next Release Date: 23rd March 2017

Source: Office for National Statistics

UK Unemployment Rate

Unemployment office

Unemployment rate: 4.8% (October 2016 – December 2016)
Previous annual rate: 5.1% (October 2015 – December 2015) 
Previous quarterly rate: 4.8% (September 2016 – November 2016)

Number of unemployed: 1.60 million unemployed people (people not in work but seeking and available to work), little changed compared with July to September 2016 but 97,000 fewer than for a year earlier.

Period covered: October 2016 – December 2016

Publication date: 15th February 2017
Next publication date: 15th March 2017

Source: Office for National Statistics

Consumer Price Index (CPI)

Consumer Price Index

Percentage Annual Change (to January 2017): +1.8% (The rate in January 2017 was the highest since June 2014.)

Previous Month Percentage Annual Change (to December 2016): +1.6%
Percentage Monthly Change: -0.5%
Previous Month Percentage Monthly Change: +0.5%
Monthly Index: 101.4
Previous Monthly Index: 101.9 (2005 = 100)

Period: January 2017

Release Date: 14th February 2017
Next Release: 21st March 2017

Source: Office for National Statistics

Producer Prices Index (PPI)

Producer Price Index

Factory Gate Prices (Output) Annual Change (year to January 2017): +3.5% (the seventh consecutive period of annual price increases and the highest they have been since December 2011)
Factory Gate Prices (Output) Annual Change for previous month (year to December 2016): +2.8%

Total Input Prices (year to 2016): 20.5% (the fastest rate of annual growth since September 2008).
Total Input Prices for previous month (year to December 2016): +17.0%

Period: January 2017 

Release Date: 14th February 2017
Next Release: 21st March 2017

Source: Office for National Statistics

NHBC - New Build Statistics/New Registrations

NHBC flag

Total Registrations 2016: 151,687
Previous Year Total Registrations 2015: 155,504
Percentage Change: -2%

Private Sector Registrations 2016: 115,689
Private Sector Registrations 2015: 117,506
Percentage change: -2%

Public and Affordable Sector Registrations 2016: 35,998
Public and Affordable Sector Registrations 2015: 37,998
Percentage change: -5%

Commenting on the annual statistics, NHBC Business Development Director Mark Jones said: "Taking into account the extraordinary events of 2016, the UK house-building sector has remained resilient, despite initial caution around Brexit. We have also seen some strong regional growth outside of London.

"Both industry and consumer confidence remains high and early signs indicate that the new year has begun positively."

Release Date: 3rd February 2017
Next Release: March 2017

Source: NHBC

Bank of England Base Rate

Bank of England

Current Bank Rate: 0.25%
Previous Month’s Bank Rate: 0.25%

Release Date: 2nd February 2017
Next Release Date: 16th March 2017

Source: Bank of England

UK Population Figures

UK Census

UK population: 65,110,000 (mid 2015 estimates)
UK population: 64,596,800 (mid 2014 estimates)
Percentage change: +0.8%

Male: 32.1 million (49.3%)
Female: 33.0 million (50.7%)

Estimated population of England: 54,786,300 (84% of the UK’s population)
Estimated population of Scotland: 5,373,000 (8% of the UK’s population)
Estimated population of Wales: 3,099,100 (5% of the UK’s population)
Estimated population of Northern Ireland: 1,851,600 (3% of the UK’s population)

2015 UK population aged 65 and over: 11.6 million (17.8% of the population)
2015 UK population aged 85 and over: 1.5 million (2.3% of the population)

Data last updated: 26th June 2016

Source: ONS

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Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.

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Paul Boyce - European CEO, QEP Ltd.
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